Groww shares decline 7% after Rs 3,708 crore block deal involving 2.8% equity
Shares of Billionbrains Garage Ventures, the parent company of broking platform Groww, fell nearly 7% on Friday to an intraday low of Rs 208.55 on the NSE after a large block deal involving 17.42 crore shares, or 2.8% of the company’s equity, was executed.
The stock had surged, touching an intraday high of Rs 225.75. Friday’s decline comes after the sharp previous-session rally and may indicate profit-booking by investors.
